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@DrProfitCrypto It's a bargain. I've been with doc for a very long time. Just his knowledge and awareness of the markets are legendary. If you want to trade crypto and learn and expand your knowledge, there is noone better. He is a swing trader, not a day trader, bare that in mind.
Not a single bottom in the history of #Bitcoin actually looked like a bottom but more like a fully broken structure like in 2015, or 2018.
Buying very big for the long term, I dont care for short term price movements. Iam ready to hold two or three years.
See you in 2024
@DrProfitCrypto I've been in docs group since BTC was at 16k, he's hardly ever wrong about bitcoin, truly reckon he's a secret wizard that has a mystic ball 😂😂😂 premium totally worth it, best paid crypto group I've been inz and I've been in a few where they disappear, doc delivers.
I've been in docs group since BTC was at 16k, he's hardly ever wrong about bitcoin, truly reckon he's a secret wizard that has a mystic ball 😂😂😂 premium totally worth it, best paid crypto group I've been inz and I've been in a few where they disappear, doc delivers.
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Been in docs group for three years, not only will he make you money, he will teach you so much about how to trade too. The absolute ALPHA on crypto, I've seen him completely snipe bitcoin time after time. There is noone else I trust more than him.
@DrProfitCrypto Been in docs group for three years, not only will he make you money, he will teach you so much about how to trade too. The absolute ALPHA on crypto, I've seen him completely snipe bitcoin time after time. There is noone else I trust more than him.
Been in this group since 2021, made my money back quickly, learnt a ton from doc on how to trade over that time, on the road to generational wealth because of him!
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Is #Bitcoin bear market over ?
All you need to know:
Indeed, bear market ended after RSI breakout in the end of 2022, the time when I kept begging you to buy tons of BTC. Indeed, its the time when bear market ended, end of 2022 when BTC was between 16-18k. The reality is, end of bear market doesnt always mean start of bull, people underestimate the regeneration phase of market after end of bear, and start yelling bull market without basic knowledge. Once bear ends, market enters into price discovery to find the "Actual fair price". So what happened after RSI breakout in late 2022 ?
Who remembers the Tweets in Feburary and March this year in which I described the region between 18-21k as buy region for Binance ? This entry is now considered as institutional entry, an area which is strongly defended by tons of buyers in that region, most likely Binance that bought tons of BTC with minted TUSD. Indeed, a very clever play. After that, price went into next price discovery till kissing 30k, which was also expected and predicted. That was first time for BTC to retest WMA200 for the first time since more than a year after breakdown. What happened ? Exactly, it got rejected and we went full force short, while everyone was euphoric and called for a bull run prices dropped towrads 25k in a matter of few days. Do you know understand the difference between bull run and pre bull, and regeneration ? If market would be truly in a bull run, it would have broke through easily, which was not the case in that time.
Indeed, we shorted the 30k region and took tons of profits once it dumped back to $25.000 in which we went back into long. Same play, we kissed WMA200 again and got rejected once again, same play, short till $25.000, take profit and enter long again till $30.000. This time, we expected that BTC is going to dump more from 30-31k region and prepared the big short with target of 20-23k region. Indeed, BTC crashed exactly as we predicted, but only till 25k, and not towards 23k as we expected. We have not taken profits and closed our shorts back nearby entry. Indeed, it was not a good trade.
So where are we now ?
It takes many months to confirm the end of the bear market, now we can clearly say that bear market is over once WMA200 closes monthly candle above WMA200, which is most likely going to happen in the next hours. We have a full confirmation on chart that BTC bear market is over including the mentioned regeneration phase. We have a very strong momentum with recent RSI breakout including the breakout above the 30k resistance including the historical breakout above WMA200. Many indicators that shows us signs of a strong bull. Learn the difference between a relief rally with a weak bull, and an explosive strong bull. In other words, the explosive bull is the golden bull, the same bull that brought us to 60k few years ago, and sadly this bull has not arrived yet, but is preparing itself to fully explode in the next 6-12 months.
Bitcoin is now re-testing the previous bull market support of 2021 which is between $34.000 - $35.000 region. At the same time RSI is facing resistance, however bull is stronger than RSI resistance this time. Breakout above which is possible with current momentum can bring us easily to $37.000 - $38.000 target. From there, you can expect some sideway movement and possible dumps even to 26k region in the coming months, till the golden bull arrives
Dont get exhausted, greedy or care for long or short only. Remember that a legendary bull run is loading, you should have prepared your long term bags back then during absolute fear, however, everyone that buys below ATH will end up in profit according to BTC 4 years halving cycle. Indeed, Iam fully trusting BTC
Bear market is over, regeneration is over, pre bull arrived, golden bull is loading.
The bull run has not started yet, sideway movement still loading in big time frame and big range, the golden bull is preparing itself for the next 6-12 months
Be prepared
𝗜𝗳 𝘆𝗼𝘂'𝗿𝗲 𝗮 𝗕𝗲𝗴𝗶𝗻𝗻𝗲𝗿, 𝘀𝘁𝗶𝗰𝗸 𝘁𝗼 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗼𝗻𝗲 𝘄𝗮𝘆.
Don't try to Nail trading both ways.
1. Use the Daily Range, and Daily to 4 Hour TF to form a Bias.
2. Use this Bias to decide where you want to long or short.
3. Enter trades which fits the Trend Bias you've found.
Of course as you Mature and get more in sync with the market, you could long and short entries the same Day.
Here is the blueprint of
"Trading Time Frame".
Trading strategy remains same but each individual must decide their trading Time-Frame based on their lifestyle.
No single TF will fit every trader.
Retweet to spread the word.
#Bitcoin - whats next ?
In last weeks Sunday report it was mentioned that 3 key scenarios were expected to happen:
- Close weekly above WMA200 ✅
- Continue in sideway range ✅
- Grab liquidity ✅
My theory remains unchaged, and confirming the impressive strenght of BTC in this cycle once again with another weekly close above WMA200, but please be cautious, I will give you my reasons in this report.
🚩 TA/ LCA/ Psychological Analysis: Since the breakout above WMA200 a month ago, BTC closed 23 out of 24 daily candles above WMA200. Would love to see this weekly closing once again above WMA200 ($30.190). Perfectly predicting a sideway movement for the last four weeks and its playing out perfectly so far.
I see that no one really pays attention to WMA200 but those who kept attention to it would have made some impressive amount of money by longing it each time. Bitcoin perfectly bounced in 23 out of 24 days right at WMA200 and closed the daily above. Indeed, a top high tier indicator that should not be ignored when trading this sideway movement. Something I have been speaking about for 4 weeks already. Yes, its said that a sideway movement is coming, its said that WMA200 will act as strong support. All of this was said 4 weeks ago, but now we need to change the strategy due to special circumstances. In terms of funding rate market looks quite healthy here. Short and long squeezes are not expected due to neutral funding rate
There is always a fake move connected with price fluctuation and the fake wick breakdown or breakout below important key areas. So before understanding the entire situation Bitcoin is currently in, we need to determine key positions right now.
- First and most important key position is WMA200
- The second important indicator is EMA20 daily that is located at $30.184 nearby WMA200. (I would not pay much attention to this indicator, but being located nearby WMA200 makes it interesting as kind of "Double shield")
- The third important indicator is EMA50 daily which is perfectly matching with the liquidity pool at $29.000 region
Remember that one out of two liquidity pools from last weeks Sunday report got fully filled at $31.700 and taken out. Remember that only one out of two liquidity pools were taken out already, and there is still one at $29.000 region that was not taken out yet. Remember that the liquidity pool is perfectly matching with EMA50 daily that has not been retested yet. Something Iam fully paying attention to as very strong support
I think that market makers will go for the $29.000 liquidity before they decide to continue going up, or even taking out the current largest liquidity pool at $24.000 region before continue going up. For that, really big FUD is needed and going all the way down to $24.000 region would be the absolute worst case scenario
Scenarios for the next 7-14 days
1. Continue level to level pump till target of $37.000 - $38.000, likely, but less likely than scenario two
2. Fake dump below WMA200 to take out liquidity at $29.000 region and retest EMA50, just to breakout above $31.800 resistance afterwards and continue going up after taking out retail positions at $29.000 region. I think its the most likely scenario right here
3. Worst case scenario would be losing and closing daily below EMA50 which is located at $29.000 reigon. Once this happens I see it as more likely to hit the liquidity pool at $24.000 region. Not really likely but very likely once losing EMA50
BE CAUTIOUS 🚨
- Crypto Twitter sentiment turns strong bullish, the same people that have been always wrong all the time, are now suddenly bullish. Big red flag
- CEO of BlackRock appears three times on live TV since the beginning of the month. Telling retails that #Bitcoin is digital Gold and more and more people will move towards Crypto in future. Big red flag
- Powerful yearly resistance at $31.800 and $32.500
- Possible US BTC sell FUD
Once FUD kicks in, and EMA50 support is lost, you can expect a lot of blood in the market. EMA50 ($29.000 region) should be the last parking space for BTC before continue going up. If it decides to close daily below, you can expect that market makers will go and hunt the huge liquidity pool at $24.000 region, and indeed, retails will be taken out again, and start to call for new lows as always. They will start to short and panic sell their last coins at the absolute bottom once again. Once this happens, market makers will drive the price much higher this time, next stop $33.000 - $34.000, till reaching my final goal of $37.000 - $38.000. Remember that this is the absolute worst case scenario. I would love to see a positive retest at EMA50 instead, without a breakdown. However, once it happens, I will place many long regions in the area of $24.000
In any case, most of volatility is currenlty retail driven, the volume is back into the market and exchanges start to print good amounts of money. Its just a matter of time when the domino starts to roll, and one takes profits after the other. Its not wrong to take partly profits here from the $25.000 and $29.500 long and keep another half open
Current trades are heavily in profits, LTC is up +50% above entry, INJ +50%, MAGIC and many other coins that were mostly shared in the premium are giving big amounts of returns. Also AVAX that was shared for free on Twitter is already up +20%
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